First deposit bonuses are one of the most popular casino welcome offers out there. In this blog, we take a look at some of configurations of this bonus, including the value, percentages and expected wagering. We also take a look into whether 500% first deposit bonuses actually exist.
Arguably the best value for money, first deposit bonuses are typically used by online casinos to attract more players. They will typically be 100%, sometimes 200%, and usually up to a value of around £100, but of course this depends completely on the operator you choose.
Where Can I Find the Big First Deposit Bonuses?
Although less common, you will come across some seriously attractive deposit matches. The illusive 500% first deposit bonus is just one example of a huge welcome offer used by some casinos.
As you’d expect, these kinds of bonuses come with plenty of terms and conditions. You’ll find that most large deposit matches will be sticky bonuses, meaning that the bonus amount can never be withdraw, even if you meet the wagering requirements.
Naturally, the wagering requirements can be substantially higher in 500% first deposit bonuses. It is however, worth remembering that with a large bonus comes more chances to win and therefore potentially turn over. It’s easier to have a good crack at the wagering requirements with £500 than it is with £5. Below we’ve noted down some typical examples of turnover requirements on these large bonuses.
| Bonus Amount | Wagering Term | Required Turnover |
|---|---|---|
| £300 | 40x | £12,000 |
| £400 | 50x | £20,000 |
| £500 | 60x | £30,000 |
The most obvious thing would be to spin at £10 a spin, in hopes to land a huge win, right? Unfortunately this is often prevented by online casinos. Take a close look at the terms and conditions, for particular elements like maximum stakes and maximum wins.
Check out our list of all casino bonuses to see some of the biggest and best first deposit matches available.
Are 500% First Deposit Bonuses Worth it?
In a nutshell, yes. Everybody has different preferences when it comes to bonuses, but as a rule of thumb, the larger the bonus, the increased chances of withdrawing cash.
If you have £100 to play with, and you are eligible for a 500% first deposit bonus, you’re going to play with £600. Not only is this much more than you started with, but gives you plenty more spins and time to turn it over.
Even if you can’t withdraw the initial bonus amount, you will still be able to withdraw your winnings once wagering is complete. A lot of people will be tempted to take the £10 no deposit bonuses, but if you want a real chance of leaving with some cash in your pocket, we recommend these large deposit matches.
